Oakmont provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers. Financial planning was provided to 51–100 clients last fiscal year. The firm advises 13 private funds.
Oakmont reports 81 clients. They include 63 high-net-worth individuals, 13 pooled investment vehicles, and 5 corporations and other businesses. Of its assets, 97.4% ($2.16B across 83 accounts) are managed with discretion; $57.9M across 4 accounts are not. Of its clients, 1% are outside the U.S. It advised 3 clients without assets under management last fiscal year.
| Client type | Clients | Assets |
|---|---|---|
| Individuals (other than HNW) | Fewer than 5 | 0% |
| High-net-worth individuals | 78% | 67% |
| Pooled investment vehicles | 16% | 21% |
| Charitable organizations | Fewer than 5 | 6% |
| Corporations and other businesses | 6% | 6% |
Client shares use reported counts. Client types without a reported count are excluded from that total.
Client breakdown and activity details
| Client type | Clients | Regulatory AUM | AUM share | Avg. per client |
|---|---|---|---|---|
| Individuals (other than HNW) | Fewer than 5 | $0 | 0.0% | — |
| High-net-worth individuals | 63 | $1.48B | 66.6% | $23.4M |
| Pooled investment vehicles | 13 | $475M | 21.4% | $36.6M |
| Charitable organizations | Fewer than 5 | $127M | 5.7% | — |
| Corporations and other businesses | 5 | $139M | 6.3% | $27.8M |
| Total | 81 | $2.22B | 100% | — |
- Clients
- Fewer than 5
- Regulatory AUM
- $0
- AUM share
- 0.0%
- Avg. per client
- —
- Clients
- 63
- Regulatory AUM
- $1.48B
- AUM share
- 66.6%
- Avg. per client
- $23.4M
- Clients
- 13
- Regulatory AUM
- $475M
- AUM share
- 21.4%
- Avg. per client
- $36.6M
- Clients
- Fewer than 5
- Regulatory AUM
- $127M
- AUM share
- 5.7%
- Avg. per client
- —
- Clients
- 5
- Regulatory AUM
- $139M
- AUM share
- 6.3%
- Avg. per client
- $27.8M
Total
- Clients
- 81
- Regulatory AUM
- $2.22B
- AUM share
- 100%
- Avg. per client
- —
- Clients outside the U.S.
- 1%
- Clients advised without assets under management last fiscal year
- 3
- Private funds advised
- 13
- Financial planning clients last fiscal year
- 51–100
Oakmont charges 0.75%–0.85% a year for its Annual management fee.
Fee details and sources
Joseph Deegan Day, Trustee of the Joseph Deegan Day Trust Dated 4/13/2004, As Amended owns 25% to 50% of Oakmont. Peter Carlton is CEO; the leadership team includes President Robert Miller and Chief Financial Officer David Covin. It has 35 employees, 6 of them in advisory roles.
Leadership
- Peter CarltonChief Executive Officer and Chief Investment Officer
- Robert MillerPresident, Secretary and Chief Compliance Officer
- David CovinChief Financial Officer
- Sumo GuptaPortfolio Manager
- Jonathan DayShareholder
Staff
- 35 employees
- 6 in advisory functions
- Owns 25% to 50% of Oakmont Corporation
Joseph Deegan Day, Trustee of the Joseph Deegan Day Trust Dated 4/13/2004, As Amended
Control person · since October 2024
Thomas Day
Trustee · Control person · since April 2004
- Owns 25% to 50% of Oakmont Corporation
Joseph Deegan Day, Trustee of the Joseph
Control person · since October 2024
- Owns 25% to 50% of Oakmont Corporation
Dorothy W. Day, Trustee of the Dorothy Day Trust Dated 2/13/2008, As Amended
Control person · since October 2024
Dorothy Day
Trustee · Control person · since February 2008
- Owns 25% to 50% of Oakmont Corporation
Dorothy W. Day, Trustee of the Dorothy
Control person · since October 2024
- Owns 25% to 50% of Oakmont Corporation
Jonathan Day
Control person · since October 2024
Oakmont’s regulatory assets fell from $2.55B (May 2021) to $2.22B (July 2026); clients rose from 70 to 81 and employees were 35 in both filings.
Figures from each annual filing
| Filed | Regulatory AUM | Clients | Employees | Offices |
|---|---|---|---|---|
| July 2026 | $2.22B | 81 | 35 | 1 |
| March 2025 | $2.23B | 83 | 36 | 1 |
| May 2024 | $2.27B | 77 | 36 | 1 |
| May 2023 | $2.13B | 81 | 40 | 1 |
| May 2022 | $2.87B | 80 | 36 | 1 |
| May 2021 | $2.55B | 70 | 35 | 1 |
Besides its headquarters, Oakmont has 0 offices, with 1 listed address in California.
California · 1 listed address
- 515 S. Flower Street, Suite 4150, Los AngelesHQ
Contact and registration details
- Legal name
- Oakmont Corporation
- Headquarters
- 515 S. Flower Street, Suite 4150, Los Angeles, CA 90071
- Website
- Not reported
- Phone
- 213-891-6300
- @oakmont-corporation
- SEC file
- 801-42175
- Structure
- California corporation
- Fiscal year end
- December
Oakmont uses Bank of America, Private Bank ($501M) as custodian for its separately managed accounts. Oakmont has custody of $2.23B in client assets for 84 clients.
- Bank of America, Private BankBank of America, Private Bank · Los Angeles, CA · $501M100%
At year end, Oakmont’s separately managed accounts were largely in stocks (41%) and funds (28%). Its reported 13F holdings for the quarter ended 30 June 2026 total $503M across 31 positions; the largest are Amazon.com Inc. (16.6%), Microsoft Corp. (11.7%) and Mastercard Incorporated (11.3%).
What the accounts hold
- Stocks41%
- Exchange-traded equities28%
- Non-exchange-traded equities13%
- Funds28%
- Bonds1%
- Cash5%
- Other25%
- Real estate; oil/gas/mineral rights25%
Reported 13F holdings
- $503M
- Reported 13F value
- 31
- Positions
- 90.1%
- In the 10 largest
- −4.6%
- Value vs. prior quarter
- Amazon.com Inc.16.6%
- Microsoft Corp.11.7%
- Mastercard Incorporated · CL A11.3%
- Apple Inc.10.1%
- Nvidia Corporation10.1%
- SPDR S&P 500 ETF TR · TR Unit7.6%
- Transdigm Group Inc.6.2%
- S&P Global Inc.6.1%
- Fair Isaac Corp.5.3%
- Walmart Inc.5.2%
Together, the ten largest are 90.1% of reported value.
How many clients does Oakmont have?
Oakmont has 81 clients and manages $2.22 billion for them, as of July 2026. They include 63 high-net-worth individuals, 13 pooled investment vehicles, and 5 corporations and other businesses.
Source: Form ADV Part 1A, Items 5.D and 5.F, filed 16 July 2026
What services does Oakmont offer?
Oakmont provides financial planning, portfolio management for individuals and small businesses, portfolio management for pooled vehicles, portfolio management for institutions, and selecting other managers.
Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file
How much does Oakmont charge?
Oakmont charges 0.75%–0.85% a year for its Annual management fee.
Source: BROCHURE OF OAKMONT CORPORATION, filed 31 March 2026
Which custodians does Oakmont use?
Oakmont’s separately managed account assets are held at Bank of America, Private Bank (Los Angeles, CA), with $501M. Only custodians holding at least a tenth of those assets are named.
Source: Form ADV Part 1A, Schedule D, Section 5.K.(3), filed 16 July 2026
How many financial advisors does Oakmont have?
Oakmont has 0 investment adviser representatives registered with state securities authorities, out of 35 employees, and 6 perform investment advisory functions. None are registered representatives of a broker-dealer or licensed insurance agents.
Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file
What does Oakmont invest in?
At the end of its last fiscal year, Oakmont’s separately managed accounts held 28% exchange-traded equities, 28% pooled vehicles (private funds and similar), 25% other, 13% non-exchange-traded equities, 5% cash and equivalents and 1% state and local bonds. The 25% other category is described as: Real Estate; Oil/Gas/Mineral Rights. It advises 13 private funds.
Source: Form ADV Part 1A, Items 5.K.(1) and 7.B, from the SEC's 2 October 2026 data file
Who owns Oakmont?
Oakmont’s direct owners are the of the Joseph Deegan Day Trust Dated 4/13/2004, As Amended, the of the Joseph, the of the Dorothy Day Trust Dated 2/13/2008, As Amended, the of the Dorothy and Jonathan Day, each holding 50% or less.
Source: Form ADV Part 1A, Schedules A and B, filed 16 July 2026
How does Oakmont get paid?
Oakmont is paid through a percentage of assets under management, fixed fees and performance-based fees. Its Form ADV lists no commissions among how it is paid.
Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file
How do I contact Oakmont?
Oakmont’s main office is at 515 S. Flower Street, Suite 4150, Los Angeles, CA 90071. Its phone number is 213-891-6300.